Community Standouts
New Issuance
Matt Fabian, partner and president at Municipal Markets Analytics

The default comes as charter school bonds have been the municipal sector with the most defaults this year.

Matt Fabian, partner and president at Municipal Markets Analytics

The default comes as charter school bonds have been the municipal sector with the most defaults this year.

Anatomy of a Deal
MuniThink

Even though the report has been publicly available for more than two years, the Oversight Board is still asked the perennial question: Why didn't we audit the debt? We did.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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